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S 2463 108th Congress Senate

Tax Code Termination Act

Official title: A bill to terminate the Internal Revenue Code of 1986.

Introduced: May 20, 2004 See on congress.gov
Taxation Collection of accountsEconomic growthEconomics and Public FinanceFamilies
More subjectsShow fewer subjects
Finance and Financial SectorIncome taxJob creationLabor and EmploymentMarried peopleSaving and investmentSocial WelfareSocial security taxesTax ratesTaxpayers
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2004
Read twice and referred to the Committee on Finance.
May 20, 2004
Introduced in Senate
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 Latest action May 20, 2004

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Tax Code Termination Act - Mandates the termination of the Internal Revenue Code of 1986 after December 31, 2009, except for self-employment taxes, Federal Insurance Contributions Act taxes, and Railroad Retirement taxes.

Declares that any new Federal tax system should be a simple and fair system that: (1) applies a low rate to all Americans; (2) provides tax relief for working Americans; (3) protects the rights of taxpayers and reduces tax collection abuses; (4) eliminates the bias against savings and investment; (5) promotes economic growth and job creation; and (6) does not penalize marriage or families.

Requires that the new Federal tax system be approved by Congress in its final form by July 4, 2009.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Crapo, Mike
Idaho · May 20, 2004
 R
Graham, Lindsey
South Carolina · May 20, 2004
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2463: Tax Code Termination Act. 108th Congress. Open America. https://openamerica.io/bill/108-S-2463/
MLA
"S. 2463: Tax Code Termination Act." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-2463/.
Bluebook (legal)
S. 2463, 108th Cong. (2026), https://openamerica.io/bill/108-S-2463/.
Markdown link
[S. 2463: Tax Code Termination Act](https://openamerica.io/bill/108-S-2463/)
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